OrganiGram Holdings ( (TSE:OGI) ) has issued an announcement.
Organigram Holdings Inc. has completed the third and final tranche of a strategic equity investment from BT DE Investments Inc., a subsidiary of British American Tobacco, raising approximately USD$28.96 million. This investment is part of a larger C$124.56 million initiative to fund Organigram’s ‘Jupiter’ strategic investment pool, aimed at accelerating international growth and product differentiation amid challenging cannabis market conditions.
More about OrganiGram Holdings
Organigram Holdings Inc. is a leading licensed producer of cannabis, focusing on international growth and differentiated product strategies. The company is leveraging strategic investments to expand its market presence both overseas and in the United States.
YTD Price Performance: -30.72%
Average Trading Volume: 962,728
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $146M
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